Chinese handset maker, Vivo is evaluating the prospects of starting exports from its Indian facilities, having started a new unit in Greater Noida under the first phase of its broader Rs 7500 crore investment plan for India.
With the new manufacturing facility in Greater Noida, Vivo now provides employment in manufacturing to 10,000 people, and plans to provide 5000 new jobs under the phase two of manufacturing expansion, which will start soon.
Like Vivo, OnePlus has already started exports from its Indian facility to western markets like the US, while Oppo will also make its Indian manufacturing units as its second-largest global manufacturing base after China to cater needs of markets in South Asia, the Middle East and Africa.
Recently more companies like Foxconn, Wistron, Flex and others – to set up bases in India to make for the domestic market and export from here. With India allowing 100 percent Foreign Direct Investment (FDI) through the automatic route in contract manufacturing to attract more players. Recently, New Delhi also slashed base corporate tax rates to 15 percent for new manufacturing plants in a bid to attract companies looking to migrate production out of China.
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